Mortgage pulled at last minute

tatartan

sparkletoes4 said:i

Hi all, 
We exchanged contracts just before everything started to go in to lockdown, workers are back on the building site and I'm expecting it to be complete within the next couple of months. We have both been out on furlough during lockdown and up untill now our employers have been topping our wage up 100%. We are now going to be on 80%. We haven't told the lenders as we really don't want our mortgage to fall through when we are so close. I also have an interview tomorrow for a new job (pays the same and is a company I have worked for before). I guess I am already at risk because I am furloughed so I don't know wether i should take the job (if offered) as I am already at risk and surely having a new job is better than being furloughed? I don't know what to do, HELP

Simple. You need to tell the lender the truth. Whether you go for the new job is up to you. Risk involved either way and crystal balls don’t exist. 

biscotti

Spikeisbroke said:

They asked if we were being furloughed so we said yes. The didnt say anything would be wrong just they needed to update records. We rang them back as soon as we knew we were returning to work. 
Apparently most banks are now only dealing with basic mortgage applications and certainly not processing any help to buy despite agreements already being in place.

 

Did you apply for a new mortgage to another lender?